Fintel reports that on December 16, 2025, Mizuho upgraded their outlook for Zscaler (NasdaqGS:ZS) from Neutral to Outperform.
Analyst Price Forecast Suggests 45.29% Upside
As of December 5, 2025, the average one-year price target for Zscaler is $334.61/share. The forecasts range from a low of $217.15 to a high of $409.50. The average price target represents an increase of 45.29% from its latest reported closing price of $230.31 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Zscaler is 3,137MM, an increase of 10.72%. The projected annual non-GAAP EPS is 3.05, a decrease of 7.98% from the prior forecast.
What is the Fund Sentiment?
There are 1,496 funds or institutions reporting positions in Zscaler. This is an increase of 11 owner(s) or 0.74% in the last quarter. Average portfolio weight of all funds dedicated to ZS is 0.30%, an increase of 7.43%. Total shares owned by institutions decreased in the last three months by 1.22% to 91,144K shares. 
The put/call ratio of ZS is 0.96, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,235K shares representing 2.03% ownership of the company. In its prior filing, the firm reported owning 2,910K shares , representing an increase of 10.05%. The firm increased its portfolio allocation in ZS by 56.93% over the last quarter.
Invesco Qqq Trust, Series 1 holds 3,212K shares representing 2.01% ownership of the company. In its prior filing, the firm reported owning 3,158K shares , representing an increase of 1.69%. The firm increased its portfolio allocation in ZS by 35.64% over the last quarter.
American Century Companies holds 2,419K shares representing 1.52% ownership of the company. In its prior filing, the firm reported owning 2,722K shares , representing a decrease of 12.54%. The firm decreased its portfolio allocation in ZS by 20.57% over the last quarter.
T. Rowe Price Investment Management holds 2,258K shares representing 1.42% ownership of the company. In its prior filing, the firm reported owning 2,278K shares , representing a decrease of 0.90%. The firm decreased its portfolio allocation in ZS by 8.42% over the last quarter.
First Trust Advisors holds 2,228K shares representing 1.40% ownership of the company. In its prior filing, the firm reported owning 2,035K shares , representing an increase of 8.67%. The firm decreased its portfolio allocation in ZS by 3.43% over the last quarter.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
